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Place an X beside details that do not fit the dominant impression.
-Dominant impression: The daycare center was the model of inefficiency.
____ Unsupervised children ran from one room to another.
____ The lock on the gate was broken.
____ Two infants slept in their cribs.
____ Only one smoke detector was in working order.
____ Medical records were not updated.
____ A baby was crying.
Conversion Costs
The combination of direct labor costs and manufacturing overhead costs that are incurred to convert raw materials into finished goods.
Weighted Average Method
A cost accounting method that calculates the cost of goods sold and ending inventory based on the average cost of all goods available for sale.
Direct Labor
Direct labor refers to the work of employees directly involved in the production of goods or services, often considered variable costs.
Equivalent Units
A method used in managerial accounting to calculate the number of complete units that could have been produced given the total amount of materials and effort expended.
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